Recently as part of Indian Governments demonetisation drive, there is a significant opinion divide on whom the real impact falls upon. This article is more of a data driven analysis based on key metrics Black Money - What is it? Who owns it? Wealth division - How wealth is divided and how it is stored Balance of power with Money Population Permanent vs temporary removal of high currency denominations Summary of Black Money In simple terms "black-money" means funds/wealth earned in day-to-day "transactions" which are NOT subjected to tax and therefore unaccounted. One of the biggest misconceptions for the word "black-money" is that it is some type of fake currency, but it is not. Also other key word here is "transactions" which involves shift of funds/wealth. For instance, if a ordinary blue collar worker earns Rs500 and goes and buys milk from his friendly neighbour for Rs 100, then that IS black-money transaction of Rs100. In a mode
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